COMMERCIAL ITEMS.

Dominion, Volume 7, Issue 1875, 8 October 1913, Page 10

COMMERCIAL ITEMS.

INVESTMENT SHAEEB. A fair business was dono in investment shares yesterday. The 6aJes recorded wero South British Insurance a.t £3 19a. and £3 19s. 6d., Westport Coal at 30s. 9d„ and Westport-Stockton at 4s. Tho quotations were ms under:—

. STOCK EXCHANGE CHARGES. According to the Melbourne "Argus," after a good deal of discussion, the revision of the rates >of commission chargeable by members of tho Stock Exchange of Melbourne has been completed. Though a certain tentative agreement was arrived at on the subject by the recent conference oj: delegates from the* Stock Eschanges of iieJbourno, Sydney, and, Adelaide, that scalo has not been adopted in its entirety by any of the institutions. Upon revision of the conference rate, each exchange has arrived at ,a different ecale of charges, eo that the gathering of delegates has left matters in this respect much as tliey wero before. Certain of'the conference suggestions were adopted by Melbourne and Sydney, but Adelaide rejected the scale entirely. Tho variations in Sydney liavo been in both directions—on shares selling under 10s. there has beon a reduction, while for shares priced _ between Efe and 50s. there has been an increase. . Tho Melbourne institution, which still retains a higher, rate in. many respects than that adopted in Sydney, has left rates for investment stocks untouched, but some reductions which will be of advantago to dealers In the highcr-priccd mining stocks have been mado. Most of tho stocks dealt in are, however, unaffected by tlio change. Another variation of existing practice decided upon by members relates to the Saturday morning meetings in the call-room. Hitherto two meetings have been held, but in future there will bo only ono official meeting, which will bo at half-past 10 o'clock. Then the official list will bo called through, and subsequently the active stocks will bo recalled if the members so desire before they leave the call-room, Under the new arrangement tho official closing time on Saturday mornins will bo 12 o'clock.

TRADE IM ALLEN STREET. Onions.— l lho market is heavily supplied with Oalifornian and Japanese onions, and priceo rango from £10 to £11 per ton. . Potatoes.—Table potatoes are in 6hort supply, and tho market lias advanced, tho current quotation being £i 15s. to £4 per ton. Seed potatoes, Up-to-Date, aro quoted Qiu £3 lfc. Hour—Fairly heavy shipments are coming in from New South Walce. New Zealand continues to sell at £9 per ton. f.o.b. south, less tho usual discount-. Bran.—Millers are well stocked with bran; the Wellington priccs >aro £4 10s. to £4 15s. I per ton. Pollard meets with fair business, at £6 to £6 ICe. per ton. Oat. meal, has declined 10s. per ton during tho'week, and is now quotod at £13 10a. per ton cx store, Wellington. ' Rolled oats continue in good demand. Thistlo brand in 4Jlb. bags, 10s. per dozen. Oats.—Very little business is passing in this line. Short feed, 2s. 9d. to 35.: feed Algerian., &s. 7d. to 2s. 10d.; seed Algerian, 3s. ta 3s. 2d.; heavy Dun'oats, 3s. to 3s. Id.; diiscolouTed, &5... sd. to 2s. 6d. Chaff.—A fair demand exists ■ for prime oatensheaf chaff at £5 to £5 ss. Tier ton, sacks,in. • Eggs.—Fresh eggs meet with ready sale at Is. per-dozen. Butter.—Primo milled in bulk hae fair inquiry art. lid. to llid. per lb. Partridge Peas.—The bulk of the supplies has now been oxportod; fair samples aro quoted at 4«. 3d. to '4s. 6d. a bushel. Prussian blue peas are slow of ealo at ss. to ss. 3d. Poultry is in exceedingly short supply. Hene, 4s. 6d. to 6s. per pair; cockerels, 4s. 6d. to 75.; ducks, Indian Runners, ss. 6d. to 6s. 6d.; large, 7s. 6d. Turkey gobblers, Is. per lb. livo weight; hens, 9d. to lOd. Vegetables.—Cabbages have been coming forward more freely, and Talues have declined considerably. Cauliflowers ara realising profltablo prices. Pumpkins and marrows aro in exceedingly short supply. The market is being well supplied with locally-grown rhubarb. New potatoes are coming forward almost daily from the Auckland district, and realising satisfactory prices. Fruit—The Moana, due- this week from Pan Francisco and tho Cook Islands, is bringing California® apples, aleo Island oranges, bananas, and kumeras, which should reach a bate market and realise good prices. Tho Warrimoo from Sydney, duo to-day, is bringing thb usual weekiy shipment of sweet oranges, pineapples, passion fruit, lemons, mandarines, loquats, and .Seville oranges. Supplies of Tasmanian apples and Mildura lemons aro due on Friday. Very few New Zealand apnlcs and pea,rG are now available; some, however, are held in cold store.

Customs duty collected at the port of Wellington yestorday amounted to £25J4 3s. 3d. CANTERBURY GRAIN MARKET. (By Telegraph—Pre«B Association.) Chrlstchurch, October 7. The local grain market lias gono 7>-cli into a, very quiet state, there being practically no frosh business doing, and no offerings from growers, who aro content to hold in. tho hope of belter price 3 than merchants arc now willing to pa.y. The potato market is firmer oil account of the scarcity of offering?. Although Growers are willing to sell, tho season's work kee-ps them too busily engaged to attend to the picking over and delivery of potatoes. Up to 355. is now being paid, according to railago from country etations. LONDON WOOL SALES. By Telegraph—Press Association—Copyright London, Octoier 6 At the wool sales there was a poor selection and good oompotition. Prices were unchanged. (Roc. October 7, 11.5 p.m.) London, October 7. Tho following prices wcro realised for fleece portions of the clips named:—"Tito." top price, 13d., average 12d.; Hustings, 154 d" 122d'. _ SYDNEY WOOL SALES. (Beo. October 8, 0.35 a.m.). Sydney, October 7. The wooUsalos have resumed with animated bidding and strong demand for all good sorts at Inst week's improved rato*. "Faulties" arc irregular. BOVI! llj ASTRALIAN ESTATES. (Roc. October 7, 9.35 p.m.) London, October 7. Tho Bovril Australian Estates Company, in a circular to the shareholders, states that though prospccts aro improving, there is no hope of dividends under existing conditions. Tho directors have therefore arranged that Bovril Limited shall 6ub=cribo £100,000, and also guarantee the preferred shares 6 per cent, until 1915. The existing preferred shareholders will be aslied to rollmtuMi tho right to a, Quarter of jhs siosts, sail the dcforrc4 etL&reioldora

will tticriflco one-third of their interests. TJie 1912 accouiits eliow a profit of £13,471. WHEAT. (E«c. October 7. 11.5 p.m.) London, October 7. The wheat market .is dull, with an easier tendency in prices. SILVEII. London, October 6 Bar silver is quoted at 28id. per ounco standard.

Buyers. Sellers. £ s. d. £ s. d. National Bank 5 7 0 6 8 6 Equitable Building 8 15 0 — Wellington Investment .. — 011 9 Well. Trust and Loan ... 7 1 6 — Christchurch Gas — 7 1 .0 Feildiug ftas — 013 6 Wellington tias (£10) .... 16 5 0 — Standard Insurance 1 12 0 112 6 Gear Meat (£4) 12 10 0 - Gear Meat (£1) 3 6 0 — Union Steam (pref.) ... (119 6 10 6 Union Steam lord.) ... — 15 0 'i'aupiri Coal 116 — W<Ktp.ort Goal 1.10 6 — Westp'ort-Stockton — 0 4 1 L-eyknd-O'Urien — 14 6 larinsamutu Totara 2 5 0 — Golden Bay Cement — 10 0 Sharland's preference ... 1 1 0 — Ward and Co 4 18 0 — W.F.C.A. (£5) - 7 2 6 W.P.C.A. (£1) - 18 3